Financial transaction system with integrated electronic messaging, control of marketing data, and user defined charges for receiving messages
First Claim
1. A system for exchanging electronic transactions between user accounts on a designated network, the system comprising:
- a server in communication with a plurality of client computers via a network;
a database in communication with the server, the database being configured to store a plurality of user accounts, each user account comprising a message store, user defined transaction criteria, and a financial account;
wherein the user defined transaction criteria comprises at least one receipt criteria including at least one receipt charge; and
wherein each financial account comprises a financial account balance that can be credited and debited by the server;
wherein the server is configured to;
(1) receive, from a client computer, a request to deliver a message, the request being associated with a sender user account, the request comprising a message, a recipient selection criteria, and a sending fee authorized to be debited from a sender user financial account upon delivery of the message,(2) search the database to identify at least one recipient user account that matches the recipient selection criteria, and for each identified recipient user account;
(3) search the user defined transaction criteria to identify an applicable receipt charge,(4) process the request using conditional logic, the conditional logic being effective to (i) deny the request if the sender user account is not in the database, (ii) deny the request if the recipient user account is not in the database, (iii) deny the request if the sending fee is less than the applicable receipt charge, (iv) deny the request if the sending fee is greater than the sender user account'"'"'s financial account balance,(5) deliver the message to the recipient user account message store if and only if the request is not denied, and(6) transfer a portion of the sending fee between the sender and recipient financial accounts if and only if the message is delivered.
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Accused Products
Abstract
A method of performing financial transactions between users of Summa accounts, each Summa account including an electronic messaging system that provides for crediting and debiting at least one financial account associated with each Summa account. The invention also allows each user to define a schedule of receipt charges associated with the identities of other users to be charged as compensation for accepting delivery of their messages. With the user'"'"'s permission, a record of purchases made from the Summa account may be maintained in a marketing database, increasing the value of use'"'"'s market identity and the corresponding value of receipt charges they user may collect. Major benefits of the invention include, but are not limited to: (1) electronic financial transactions are completed in a more secure manner with appropriate tracking and verification, (2) message recipients receive income from the value of their market identities, and (3) commercial enterprises can more readily identify individuals interested in receiving their commercial offers.
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Citations
38 Claims
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1. A system for exchanging electronic transactions between user accounts on a designated network, the system comprising:
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a server in communication with a plurality of client computers via a network; a database in communication with the server, the database being configured to store a plurality of user accounts, each user account comprising a message store, user defined transaction criteria, and a financial account; wherein the user defined transaction criteria comprises at least one receipt criteria including at least one receipt charge; and wherein each financial account comprises a financial account balance that can be credited and debited by the server; wherein the server is configured to; (1) receive, from a client computer, a request to deliver a message, the request being associated with a sender user account, the request comprising a message, a recipient selection criteria, and a sending fee authorized to be debited from a sender user financial account upon delivery of the message, (2) search the database to identify at least one recipient user account that matches the recipient selection criteria, and for each identified recipient user account; (3) search the user defined transaction criteria to identify an applicable receipt charge, (4) process the request using conditional logic, the conditional logic being effective to (i) deny the request if the sender user account is not in the database, (ii) deny the request if the recipient user account is not in the database, (iii) deny the request if the sending fee is less than the applicable receipt charge, (iv) deny the request if the sending fee is greater than the sender user account'"'"'s financial account balance, (5) deliver the message to the recipient user account message store if and only if the request is not denied, and (6) transfer a portion of the sending fee between the sender and recipient financial accounts if and only if the message is delivered. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17)
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18. A method of exchanging electronic transactions between user accounts on a designated network, the method comprising:
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providing at least one server, the server being in communication with a plurality of user computers via the designated network, the server further being in communication with a memory storing a database; providing a plurality of users with a user account comprising an account identifier and a financial account that can be credited and debited by the server, acquiring data associated with a user account, the user account data comprising at least one of a receipt criteria including at least one receipt charge to be credited to a user financial account upon completion of an electronic transaction on the designated network, and a sending criteria including at least one sending fee authorized to be debited from a user financial account upon completion of an electronic transaction; storing at least a portion of the user account data in the database; receiving, at the server, a proposed electronic transaction from a sending user account to a plurality of recipient user accounts, the proposed electronic transaction comprising a designation of funds part and a message part, the sending user being associated with a sending user account, and each recipient user being associated with a recipient user account; for each recipient user account, comparing at least one receipt criteria associated with the recipient user account to at least one sending criteria associated with the sending user account and disposing of the electronic transaction by at least one of two disposition modes, the first disposition mode comprising completing the proposed transaction by delivering the message part from the sending user account to the recipient user account and transferring a payment of the receipt charge from the sending user financial account to the recipient user financial account upon delivery of the message part when the receipt charge does not exceed the sending fee, the second disposition mode comprising declining the proposed electronic transaction by returning a notice to the sending user account when the receipt charge exceeds the sending fee. - View Dependent Claims (19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38)
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Specification